BANGI: As Malaysia accelerates its transition towards a sustainable, electrified future, Sapura Industrial Berhad (SIB), through its wholly owned subsidiary SIB Ventures Sdn Bhd, has signed a binding heads of agreement with Mili Tech Sdn Bhd to form a joint venture (JV) under the entity SIB Mili Sdn Bhd.
This collaboration follows the successful completion of feasibility studies initiated after the Memorandum of Understanding (MOU) signed on 24 April 2024. The JV is set to become a key player in the electrified vehicle (xEV) sector, focusing on delivering a range of products and services that support the growing demand for sustainable mobility solutions in Malaysia.
Key Areas of Focus for SIB Mili Sdn Bhd:
- After-sales service and maintenance for xEVs.
- Refurbishment, repurposing, and recycling (3R) of xEV batteries to minimize environmental impact.
- Training and certification programs aimed at upskilling local talent to meet the increasing demand for xEV expertise.
The operations of SIB Mili Sdn Bhd will be based in Kajang, with plans to launch three flagship service centres over the next three years.
Supporting Malaysia’s Green Vision
This joint venture aligns with Malaysia’s national vision for enhancing electric vehicle (EV) adoption, as outlined in the Low Carbon Mobility Blueprint (2021-2030) and the National Automotive Policy (NAP 2020). These strategic frameworks aim to position Malaysia as a regional hub for next-generation vehicles while promoting sustainability and resource efficiency.
Currently, Mili Tech Sdn Bhd operates two EV/Hybrid Service Centres in Kajang, enhancing the JV’s regional presence.
Leadership Comments:
Fazal Othman Mohd Ghazali, President of Industrial Business at SIB Group, commented:
“This joint venture strengthens our commitment to innovation and sustainability, while also building a robust ecosystem for xEVs in Malaysia. Our focus on battery recycling and talent development is crucial for ensuring long-term success in the country’s electrification journey.”
Mohd Farid bin Abd Manaf, Chief Executive Director & Founder of Mili Tech, added:
“Malaysia is on the brink of a transformative shift in mobility. This partnership comes at a critical moment as the country accelerates the adoption of green technologies. By working together, we will provide innovative services that enhance the xEV landscape and contribute to a circular economy, ensuring that the transition to electric vehicles is both efficient and environmentally responsible.”
Fazal Othman Mohd Ghazali further emphasized:
“This partnership perfectly complements Malaysia’s growing EV sector. With our comprehensive services—from maintenance to battery recycling—we are well-positioned to support the country’s shift towards greener mobility. Our immediate expansion plans will help lead the way in building a more sustainable future for Malaysia.”
Aiding Malaysia’s National EV Goals
The partnership between SIB and Mili Tech comes as Malaysia is ramping up efforts to meet the government’s goal of 15% electric vehicle adoption by 2030. This goal is supported by several national initiatives, including:
- The Low Carbon Mobility Blueprint (2021-2030), aimed at reducing carbon emissions in the transport sector.
- The National Automotive Policy (NAP 2020), which promotes the development of next-generation vehicles and green technologies.
- Incentives for EV ownership, such as tax exemptions and subsidies for EV charging infrastructure.
Through its services, SIB Mili Sdn Bhd will play a vital role in driving Malaysia’s xEV ecosystem forward, contributing to the nation’s sustainability and efficiency objectives.
